Lanco Infratech
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Lanco Infratech Q4 Loss Widens to Rs 584 Crore; Income Down 23 Per Cent
Lanco Infratech said its net loss for the March quarter widened to Rs 584.29 crore on account of a drop in revenue and mounting losses in the EPC (Engineering, procurement and construction) business.
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Lenders Look to Expedite Asset Sale of Debt-Hit Lanco Group: Report
Lenders to Lanco Infratech, which is bogged down by mounting debts, are looking to expedite asset sales and release of priority loans, among other options, to improve the group's "precarious" financial position.
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Lanco in Talks to Sell Stake in Griffin Coal Mine
Infrastructure firm Lanco Infratech Ltd is in talks with investors to sell a stake in its Griffin coal mine in Australia and some road projects, it said on Friday, as part of its strategy to pay down a hefty debt burden
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JSW Energy Eyes Stressed Assets; May Raise up to Rs 5,000 Crore
Private sector power producer JSW Energy, which is looking to raise up to Rs 5,000 crore, is eyeing stressed projects for acquisition, a top official said on Wednesday.
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Lanco Infra Sells Power Plant to Adani for $327 Million
Lanco Infratech Ltd said it has sold a 1,200-megawatt (MW) thermal power plant in Karnataka to Adani Power Ltd for about Rs 2,000 crore ($327 million; 1 dollar = 61.2150 rupees), as the company looks to cut debt.
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Adani Power, Lanco Infra Shares Jump on Udupi Plant Deal
Adani Power will pay Rs 2,000 crore in cash and acquire Rs 4,000 crore worth of debt taking the transaction value to Rs 6,000 crore. Analysts say Lanco will make a profit of Rs 350 crore on its investment. The deal will also help the company bring down its net debt, which stood at Rs 36,000 crore at the end of March this year.
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Adani Group Plans to Build Rs 12,500-Crore Power Plant in Odisha: Report
Adani Group is planning to invest Rs 12,500 crore for setting up a thermal power project in Odisha, days after it announced a Rs 6,000-crore deal to buy Lanco Infratech's plant in Karnataka.
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Punjab & Sind Bank Declares Lanco Infratech's Rs 215 Crore NPA Account As Fraud
Punjab & Sind Bank declared Lanco Infratech Limited's NPA account as fraud, with outstanding dues of Rs 215.17 crore on Wednesday, June 16.
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Punjab & Sind Bank Declares Lanco Infratech's Rs 215 Crore NPA Account As Fraud
Punjab & Sind Bank declared Lanco Infratech Limited's NPA account as fraud, with outstanding dues of Rs 215.17 crore on Wednesday, June 16.
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Banks Recover 40% Of Dues From Top 12 Insolvency Accounts
Overall recoveries from the first 12 big insolvencies were largely pushed up by three steel sector cases.
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Two-Year Progress Report Of The 12 Large NPAs Under IBC
It has been two years since the Reserve Bank of India released its first list of accounts for immediate insolvency action.
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Government Nod To NHPC Acquiring Lanco’s Teesta Hydro Project
The project would be implemented with an estimated cost of around Rs 5,748 crore.
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NCLT To Pronounce Orders On Lanco’s Liquidation Plea On Aug. 27
NCLT likely to deliver judgement on Lanco Infratech’s liquidation plea.
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NCLT To Hear Lanco Infratech Insolvency Case On July 6
Lanco Infratech owes an IDBI Bank-led lenders consortium over Rs 44,000 crore.
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As Liquidation Looms In Four Large Cases, Banks Prepare For The Long Haul
With the resolution deadline ending, the risk of liquidation among the set of stressed assets is rising.
-
Lanco Infratech Q4 Loss Widens to Rs 584 Crore; Income Down 23 Per Cent
Lanco Infratech said its net loss for the March quarter widened to Rs 584.29 crore on account of a drop in revenue and mounting losses in the EPC (Engineering, procurement and construction) business.
-
Lenders Look to Expedite Asset Sale of Debt-Hit Lanco Group: Report
Lenders to Lanco Infratech, which is bogged down by mounting debts, are looking to expedite asset sales and release of priority loans, among other options, to improve the group's "precarious" financial position.
-
Lanco in Talks to Sell Stake in Griffin Coal Mine
Infrastructure firm Lanco Infratech Ltd is in talks with investors to sell a stake in its Griffin coal mine in Australia and some road projects, it said on Friday, as part of its strategy to pay down a hefty debt burden
-
JSW Energy Eyes Stressed Assets; May Raise up to Rs 5,000 Crore
Private sector power producer JSW Energy, which is looking to raise up to Rs 5,000 crore, is eyeing stressed projects for acquisition, a top official said on Wednesday.
-
Lanco Infra Sells Power Plant to Adani for $327 Million
Lanco Infratech Ltd said it has sold a 1,200-megawatt (MW) thermal power plant in Karnataka to Adani Power Ltd for about Rs 2,000 crore ($327 million; 1 dollar = 61.2150 rupees), as the company looks to cut debt.
-
Adani Power, Lanco Infra Shares Jump on Udupi Plant Deal
Adani Power will pay Rs 2,000 crore in cash and acquire Rs 4,000 crore worth of debt taking the transaction value to Rs 6,000 crore. Analysts say Lanco will make a profit of Rs 350 crore on its investment. The deal will also help the company bring down its net debt, which stood at Rs 36,000 crore at the end of March this year.
-
Adani Group Plans to Build Rs 12,500-Crore Power Plant in Odisha: Report
Adani Group is planning to invest Rs 12,500 crore for setting up a thermal power project in Odisha, days after it announced a Rs 6,000-crore deal to buy Lanco Infratech's plant in Karnataka.
-
Punjab & Sind Bank Declares Lanco Infratech's Rs 215 Crore NPA Account As Fraud
Punjab & Sind Bank declared Lanco Infratech Limited's NPA account as fraud, with outstanding dues of Rs 215.17 crore on Wednesday, June 16.
-
Punjab & Sind Bank Declares Lanco Infratech's Rs 215 Crore NPA Account As Fraud
Punjab & Sind Bank declared Lanco Infratech Limited's NPA account as fraud, with outstanding dues of Rs 215.17 crore on Wednesday, June 16.
-
Banks Recover 40% Of Dues From Top 12 Insolvency Accounts
Overall recoveries from the first 12 big insolvencies were largely pushed up by three steel sector cases.
-
Two-Year Progress Report Of The 12 Large NPAs Under IBC
It has been two years since the Reserve Bank of India released its first list of accounts for immediate insolvency action.
-
Government Nod To NHPC Acquiring Lanco’s Teesta Hydro Project
The project would be implemented with an estimated cost of around Rs 5,748 crore.
-
NCLT To Pronounce Orders On Lanco’s Liquidation Plea On Aug. 27
NCLT likely to deliver judgement on Lanco Infratech’s liquidation plea.
-
NCLT To Hear Lanco Infratech Insolvency Case On July 6
Lanco Infratech owes an IDBI Bank-led lenders consortium over Rs 44,000 crore.
-
As Liquidation Looms In Four Large Cases, Banks Prepare For The Long Haul
With the resolution deadline ending, the risk of liquidation among the set of stressed assets is rising.
